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MOTOR VEHICLE DEALER BONDS

By: Anna Lang, Mon Aug 9th, 2010

In the midst of summer, people look for different ways to enjoy the great weather and a little time off.  Kids are out of school, and it’s time to change the scenery and have some fun.  One great ways to spend a few weeks, or more if you’re lucky, is to travel in a RV or trailer.  With the convenience of a trailer or RV, the family only packs once.  No looking for an affordable motel and no pitching a tent every night and dealing with the critters, big and small.  You can choose to cook some nights and dine out on others.  Additionally, the family has the freedom to explore unseen areas on the way to their destination.  But if considering purchasing a recreational vehicle, trailer or RV, make sure you deal only with a licensed and bonded dealer.

Motor vehicle dealers are required to be bonded in the California and most other states.  A motor vehicle dealer bond serves as a legal contract, or guarantee, protecting consumers from financial loss in case contractual agreements are not met.  When consumers purchase from bonded motor vehicle dealers, they have the added reassurance that the dealer will stand behind the purchase of the recreational vehicle. Consumers are protected from financial loss because motor vehicle dealer bonds mean the dealer will act in accordance of his professional and legal responsibilities and function within the provisions of codes and laws regulating his business.  Buying a RV or trailer is a big ticket item for most; you can only afford to deal with a reputable dealer. 

Bonding regulations vary from state and on the type of motor dealer, new or used.   For California motor vehicle dealers, a $50,000 bond must be posted.  Dealer’s premiums amount to a small percentage of actual bond; MVD fees differ for motor vehicle dealers depending on longevity, business and personal credit scores, and financial solvency of the dealership. 

MVD bonds are available through your local bonding agency.  Surety 1, Surety Solutions Insurance Services, Inc, located near Sacramento, Ca, is a leading bonding company.  Speak with a representative to discover how they can make the auto dealer bond or motor vehicle dealer bond acquisition process easy and quick.  MVD bonds are also required of boat and motorcycle dealers. Known for their friendly service and competitive rates, Surety 1, is the surety bonding resource for countless companies with bonding needs.

AUTHOR INFO Surety Solutions has many markets available to secure motor vehicle dealer bonds quickly and provide competitive rate. In addition to MVD bonds, Surety 1, offers over 100 surety bonds in all 50 states.